The IRS provides updated tax rates and changes how taxable income is calculated each year. This year changes will be more significant than in the past several due to Tax Reform and the continued changes that affect the new form W-4 and tax calculations in 2024. This webinar will assist the seasoned payroll professional with new legislation that needs to be considered. This webinar will also assist the beginner around W-2 processing, W-2 to understand all the boxes on the form W-2 and what should be reported. A brief overview of year-end and W-2 best practices will also be discussed.
Review of new W-2 reporting deadlines and penalties and updates to how we process the W-2 form. Review of the new Form W-4
Session Highlights:
- W-2 Requirements
- W-2 box by Box review
- Updated legislation to consider for W-2 and 2025
- State by State discussion of special W-2 considerations
- Year End and W-2 Best Practices
- Taxation in 2024 and 2025
- New year legislation for 2025
- Details of how to close the 2024 year to make sure your W-2s are correct, and 941 reconciliation happens correctly.
- Review box by box of the W-2 and details
- Most up-to-date legislation releases
- State-specific W-2 reporting and what you need to know
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